I've been trying for a year to help my mom understand this concept, but she just won't come around. She has $350,000 in cash and wants to buy a condo. I keep telling her that buying Bitcoin with it and renting out a property would go much further in the long run, but she's too set in her ways and entrenched in the traditional system to see it.
It's tough for people to break away from the idea of houses as investments. They understand that cars are depreciating assets—though many still take on debt for a new one—but they can't grasp that houses might function similarly, even if the fiat value increases.
It'll be interesting to see how long it takes for people to view houses for their utility value rather than as investments. Some people have multiple cars because they like cars, fully aware they'll lose value over time. I wonder if we'll eventually see a similar trend with property—owning multiple homes simply for personal satisfaction, not as financial assets.
Do you think we'll be seeing this soon, where owners of multiple properties sell to transition into Bitcoin? And potentially deflating real estate assets?
I think it has partly to do with millennials remembering the world before digitization, while zoomers don't. The zoomers' childhood didn't have much in common with the elderly's.
Dude got arrested for eating a sandwich while waiting for a train?? 😬 https://video.nostr.build/58d23ae309532dad92a707e640434ee3efcb352da2d14ca9ed62778859e119c9.mp4
Commies don't like full bellies
If I remember correctly, this is the guy who prides himself on having 100k in investments lol
I deal with this often as well, where people expect me to do my work for free, or believe I'm too expensive. No disrespect, but I am one of the best in the world at this, my time has value.
Some people don't respect others' time.
Is this a pro Bitcoiner immigration message, when he says "you're welcome"? Cause I'd love to help Make America Great Again!
At this point, do you even need a chair?
It's real.
Interestingly, if you reverse search the original picture, it doesn't appear anywhere, except for a singular Facebook page.
If you search "Lisa Helps Victoria Pride Month", you'll find multiple pictures of the ex mayor with a fake beard, celebrating with the very same people from the original picture.
Spencer Schiff shoulda read The Price of Tomorrow.
Give it to the second person to comment 😂
Amethyst notifications makes the app crash... Badge received 🫡
#zapathon
